Federal Bank
Federal Bank Q1 consolidated net moved up by 77.77 pc
Mumbai: Private Sector lender, Federal Bank has reported a rise of 77.77 percent to Rs 634.22 crores for quarter ended June 30, 2022 as against net profit of Rs 356.76 crores for the quarter ended June 30, 2021.
Total income for the quarter under review grew by 4.16 pc to Rs 4318.17 crores as compared to Rs 4145.88 crores during the period ended June 30, 2021.
Gross NPA was at Rs 4273.04 crs in Q1 FY2023 against Rs 4793.18 crs in Q1 FY2022.
Net NPA was at Rs 1505.82 crs in Q1 FY2023 against Rs 1712.42 crs in Q1 FY2022.
GNPA was at 2.67 pc of Gross advances as on June 30, 2022 as compared to 3.51 pc as on June 30, 2021.
Net NPA was at 0.96 pc of Gross advances as on June 30, 2022 as compared to 1.28 pc as on June 30, 2021
Return on Average Assets (RoA) is at 0.28 pc for Q1 FY2023 against 0.27 pc in Q4 FY2022
In Q1 FY2023, Bank's total Capital Adequacy Ratio (CAR) was at 15.12pc, as compared to 15.36 pc in Q1 FY2022.
(With UNI inputs)
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
